NAA Industry Insider: Blackstone to Slow Down Home Purchases Even Further This Year

Blackstone Group will continue to slow down the pace of its home purchases in 2014 as the supply of ultra-cheap residential properties thins out, according to Jonathan Gray, the private equity firm's global head of real estate. Blackstone's Invitation Homes unit ranks as the nation's biggest single-family rental business. It hit its peak purchase pace of about $125 million worth of homes per week last summer.